First Financial to acquire First Illinois for ~$111.3M; adds Hickory Point Bank in central Illinois

FIRST FINANCIAL CORP /IN/

First Illinois shareholders get 0.5727 THFF shares or $44.35 cash per share; 70% stock/30% cash; implied price $45.00.
Transaction value ~$111.3M based on THFF close of $79.07 on Aug 26, 2026; expected to close Q4 2026.
Hickory Point Bank adds 8 branches in Decatur, Springfield, Champaign; $717M assets, $438M loans, $627M deposits (6/30/26).
Combined company: ~$6.9B total assets, $4.9B loans, $5.5B deposits; First Illinois holders to own ~8%.
Termination fee of $4.4M payable by First Illinois under certain circumstances; directors signed voting agreements.

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